Daily - Go to TTD's Tape of  Stock Charts - Monday, April 15, 2013

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance - Monday, April 15, 2013

Ticker Tape Digest

Monday - April 15, 2013

By Leo Fasciocco -- TTD

Ticker Tape Digest presents its daily stock market report containing stocks to go long as breakout trades, quick trades, or bargain trades. We also feature stocks under Significant Accumulation that are poised to breakout.

 The TTD report also contains stocks to short as  breakdown plays and as bargain (swing trade) shorts.

  Investors should  tend to try to go with a strategy that fits with the stock market's trend, unless there is a special situation play.

  TTD's Breakout Stocks - Long are most suitable for aggressive investors seeking ideal entry points into leading stocks, especially during bull markets. They can do extremely well in bull markets with gains of as much as several hundred percent.

 These stocks can also do extremely well during strong market rallies, or if they are in a industry group that is performing very well. They tend to have strong earnings outlooks and are near new-52 week, or all-time highs.

  TTD Quick Trade Stocks - Long These are leading issues that have pulled back in recent days, but could move higher soon. They are most suitable for Aggressive Investors willing to trade short term. These stocks will do extremely  well during market advances. They have about 74% win rate. During market rally sequences the win rate is even higher. The return is small 3% to 8% in just a few days.

 TTD's Bargain Buy Trades - Long - Long Term.  These are for conservative bullish Investors These long-term buys are ideally suited for entry into stocks on pull backs within overall up trend. These stocks can give a good return long-term especially during a bull market.

   TTD also presents Stocks To Sell or Sell Short. These issues are suitable for aggressive investors willing to take short positions both as trades or for longer-term plays. These stocks will do very well during bear markets or market pull backs.

  TTD's Bearish breakdown stocks to sell short. These issues have potential to fall sharply. They often show a technical breakdown and also some fundamental business problem such as weak earnings.  

 TTD's multi-media updates include a slide-show that presents charts and analysis at midsession. Some times TTD presents feature analysis on stocks and the market. TTD uses Windows Media Files. (WMV).

 TTD also presents a "Breakout Watch List" that is up dated daily. This list consists of key stocks in position to breakout. A close watch of this list can put you in the stock just as it breaks out. A good idea is to study the list and be ready to move into a stock quickly as it hits its breakpoint.

TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the breakpoint. The idea is to get "elbow room" if the stock should follow through to the upside. This is very important in being successful in making big money with breakout stocks.

It is also essential to have a stop loss strategy for all stocks in which positions are taken. Not every stock will work as expected. It is important for investors to "police" their portfolios and avoid getting trapped in any bad positions.

 Quality rating of breakout  Two key factors: 1 - Stock near all-time in price or near a 52-week high. 2 - earnings growth current year is strong. The ideal play is a stock with an Above Average Quality Rating. The stock is near a new high and will have strong earnings. TTD's other ratings are Average and Below Average.

TTD also has  special feature sections on  Educational Tips on Investing.

To email Mr. Leo Fasciocco  leo@tickertapedigest.com.For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.

  Breakout Stocks

Total Buy Breakouts so far today - 0

Overall Quality of Breakouts - N/A/

Stocks Screened - 8,300

Bull side - No playable breakouts. Stock market falls sharply Monday. The drop in the Nasdaq was equal to 390 Dow points.  Bulls watch all stops and be conservative. Market may need time to stabilize.

 (Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls:  Favorable

Market (Daily) - NYSE Bearish, Nasdaq Bearish

Market (Weekly) - NYSE Bullish, Nasdaq Bullish

Market  (Monthly) - NYSE Bullish, Nasdaq Bullish 

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - April 15

(See Top Performing Breakout Stocks for 2011- 2012)

(The “breakout List” gives all stocks breaking out of a base of five weeks or more. These stocks have a good chance to trend higher. However, a stop should be used to avoid those that do not work. They are ranked according to percentage change and classified as leaders or other. (Trading strategy: One should buy breakout stocks at breakpoint by using market order or stop buy)All Timely Breakout Stocks From Tape Action Today )  

  None

Today's Featured TTD Stock

(No Breakout Stocks Today. So, TTD Features a Leading Stock.)

Walgreen Co. (WAG) - 48.82, up 0.05 - Breakpoint 42.11

Net to Rise 21% in fiscal  2013, TTD Targets 54

 WAG, based in Deerfield, Il., operates a major drug store chain. Annual revenues: $70.8 billion. WAG is a big cap play in the drugstore area. The stock broke out from a base at 42 in mid-March. The stock continues to work higher. Today, with the stock market down sharply, WAG held its ground. TTD sees potential for more on the upside.

  So far today, WAG is trading at 48.62. Its breakpoint was at 42. So, it is extended. However, it is showing outstanding strength overall.

  WAG's 10-minute chart shows the stock advancing well in the morning. It hit an intraday peak of 49.50.

  With the market weakening in the afternoon, the stock pulled back.

  WAG's tape action shows the recent block trades. One can see some morning institutional buying interest.

  A series of big blocks went off at $48.83, up from $48.70. Then the next two blocks were $49.04 and $49.15. That is encouraging for bulls.  

  WAG is a national retail pharmacy chain and considered the leader in innovative drugstore retailing.

 The company started many store features.

  Among those concepts are: Computerized pharmacies, Point-of-sale scanning, Freestanding stores with drive-thru pharmacies, and Intercom Plus.

  WAG uses an advanced new pharmacy computer and workflow system. Intercom Plus allows pharmacists to spend more time counseling patients by assigning administrative tasks to pharmacy technicians

  WAG's 12-month performance chart shows the stock appreciating 48% versus a 14% gain for the S&P 500 index. That is good performance for such a big cap stock.

  WAG's long-term chart shows the stock shows the stock peaking ar 51.60 in 2006 after a good run up from 27 in 2003. The stock then declined due in part to the bear market. It fell back to 21 by 2008. However, since then WAG has been able to advance and is no in position to make a new all-time high.   

  WAG had a breakout in mid March cutting through resistance at 42. The stock followed through to the upside.

  It is now in up trend holding above its rising 50-day moving average line.

  The stock's TTD momentum indicator has been mostly bullish for the past five months.

  The accumulation - distribution line (bottom of chart) is in a solid up trend. That shows good underlying buying.

  The key to WAG is that earnings growth quarterly will be strong and will accelerate.

 Net for the fiscal third quarter ending in May should jump 46% and then in the fiscal fourth quarter ending in August leap 56%.

  Analysts expect fiscal third quarter net of 90 cents a share, up from 62 cents a year ago. The highest estimate on the Street is at 94 cents a share. WAG generally come in close to the consensus.

  For the fiscal fourth quarter, profits should jump 56% to 83 cents a share from 53 cents a year ago.

  Overall, net for the fiscal year ending in August should rise 21% to $3.28 a share from $2.71 a year ago. The stock sells with a price-earnings ratio of 14. TTD sees that as reasonable.

  Looking out to fiscal 2014, profits should increase 12% to $3.66 a share from the anticipated $3.28 for fiscal 2013.

  Strategy Opinion: WAG has already broken out and is a bit extended from its breakpoint. However, the key it it is showing good strength.

  With strong profits coming TTD sees WAG with potential to advance to 54 or more within the next few months, or sooner.  TTD rates WAG a very good intermediate-term play for conservative investors. A stop can b se at 44.

  Sponsorship: Excellent. The top 9 fund holders all have a 4-star rating or better. Several of them are index funds. A key buyer recently was 5-star rated Franklin Rising Dividends Fund which purchased 1.5 million shares.

  WAG has 947.5 million shares outstanding. Institutions hold 62% of the stock.

  Insider Activity: Neutral. Insiders were buyers using stock options at $30 to $36. They are recent sellers around $46. Right now, 16 analysts follow the stock, 10 have a buy, up from 9 three months ago.

Stock Performance Chart with Quarterly Earnings Markers.

Charts of Selected Breakout Stocks

None

Ticker Tape Digest’s

Stocks To “Sell or Short”

Ticker Tape Digest’s Daily List of “Stocks To Sell or Sell Short” ranks stocks well timed to be sold immediately based on daily trading. The list can be used as an alert to reduce current long-term positions.

Shorts from tape action so far today - 20

Stocks Screened - 8,300

Long-Term Environment for bears: Unfavorable.

Bear Side - Large number of breakdown stock today as stock market falls broadly and sharply. Bears can be venturesome. TTD's short from Friday was Harmony Gold Mining Co. (HMY) at $5.57. Today HMY has declined to 5.03 and is working well for bears.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Westlake Chemical Corp. (WLK) - 80.71, down 3.41

Profits to Drop in First Quarter, TTD Sees Side to 70

  WLK, based in Houston, produces  petrochemicals and polymers. Annual revenues: $3.6 billion. WLK's stock breaks down sharply today from a head-and-shoulder topping pattern. So far today, WLK is trading 1.1 million shares, almost double its normal daily volume of 468,000 shares.

  TTD highlighted WLK as a short at our midsession video show on the Web Monday.

  The stock moved lower in the morning to extended its decline from the prior session. WLK hit an intraday low of 78.81 around noon.

  It staged a small rally in the afternoon, but that failed. The stock then faded into the close.

  WLK's tape action shows the recent big block trades. One can see the price for the blocks declining from $87.38 to as low as $79.36.

  A key bearish trade came in the morning when a block of 50,820 shares crossed the tape at $83.06. That was down from the prior block at $84.12.

 WLK makes petrochemicals, polymers and fabricated products. The company's range of products includes ethylene, polyethylene, styrene, vinyl intermediates, PVC, PVC Pipe, PVC windows, fence and decking components.

  For the first quarter, analysts are forecasting a 4% decline in net to $1.26 a share from $1.31 a year ago. Overall for the year, the predice a 9% rise in profits to $6.14 a share f rom $5.66 a year before.

  WLK's daily chart shows the breakdown below key technical support. It comes with expanding volum. The stock's TTD momentum indicator (top of chart) broke down about a week before.

   Strategy Opinion:  TTD is targeting WLK for a drop to 70 within the next few months, or sooner. A protective stop buy can be placed near 82.80.

TTD takes no responsibility for trading by those using this information. The stocks presented in our report are those we deem the best looking "Day Trades" for the long side. We take no responsibility for the accuracy of this data, although every effort is made to present the information correctly. Copyright Ticker Tape Digest. - 2013

TTD columnist Leo Fasciocco has covered the stock market for over 20 years. His articles appear in many publications. He is also a speaker at the Intershow conferences. He has been on television and radio. He is author of many educational articles about stock investing and the book “Guide To High-Performance Investing.”

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(The information contained has been prepared from data deemed reliable but there is no guarantee of complete accuracy. Ticker Tape Digest Inc. is not affiliated with any broker, dealer or investment advisor. Nothing in this publication constitutes an offer, recommendation or solicitation to buy or sell any securities. Further research is advised. This report is copyrighted and no redistribution is permitted with out permission.)